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BUNDLED MICHIGAN REAL ESTATE EXAM BEST RATED QUESTIONS AND ANSWERS (LATEST UPDATE 2024) 100% SOLVED $35.49   Add to cart

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BUNDLED MICHIGAN REAL ESTATE EXAM BEST RATED QUESTIONS AND ANSWERS (LATEST UPDATE 2024) 100% SOLVED

Package deal for michigan state real estate exam latest question and answers( best scores)

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Michigan Real Estate Exam QUESTION AND ANSWERS 100% SOLVED

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Accretion - Answer- The addition to real estate by accumulation of soil and land through nature. Accrued Depreciation - Answer- Loss in value of a property due to time. Difference of replacement cost and the presently appraised value. Acre - Answer- 43,560 Sq Ft Actual Notice - Answer- No...

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Michigan Real Estate Exam Practice question and answers graded A

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When land is conveyed to a trustee, what may a trustee do? - Answer- Whatever is permitted under the trust agreement. What is true of both special assessments an ad valorem taxes? - Answer- Delinquent payment is grounds for sale of the property. At the time of harvest, crops that require ann...

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Michigan Real estate exam questions with completely solved answers (latest update 2024)

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vendee - Answer- a buyer or purchaser particularly someone buying property under a deed vendor - Answer- seller ,particularly someone selling property by means of a contract for deed escalation clause - Answer- increase or decrease interest rate based on annual percent deed - Answer- writt...

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PSI Real Estate Practice Exam - Michigan (Chapter 1) CORRECT ANSWERS

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A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. - Answer- Designated Agent What approach does an appraiser take primarily for an investment prope...

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Michigan Real Estate Exam Flash Cards verified content

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Special Assessment - Answer- A category of property tax levied upon a property according to specific benefits that it receives. Special assessments are levied for those improvements that only benefit a limited number of properties such as street paving, water & sewer lines, sidewalks and lighting...

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Michigan Real Estate Exam question and answers a+ graded

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"Which of the following is TRUE about Michigan transfer tax? A)Transfer tax is a charge to the buyer at the closing. B)Transfer tax is calculated on the sale price of the real estate being conveyed. C)Transfer tax is collected at the time a mortgage to real property is recorded. D)There are t...

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3 hour final Exam ( MI sales person PSI exam) QUESTION AND ANSWER GRADED A+

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1. A veteran buying a home from a for sale by owner and financing it with a VA loan can do all of the following except: Immediately rent the home after closing to make the monthly payments 2. After Charlie's death, his will indicates that all of his real property must go to charity what can Cha...

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